Sabre Insurance Group plc

LSE:SBRE Stock Report

Mkt Cap: UK£240.7m

We’ve recently updated our valuation analysis.

Sabre Insurance Group Valuation

Is SBRE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SBRE?

Other financial metrics that can be useful for relative valuation.

SBRE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA10.9x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does SBRE's PE Ratio compare to its peers?

The above table shows the PE ratio for SBRE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average24.1x
PGH Personal Group Holdings
43.1x63.7%UK£64.2m
DLG Direct Line Insurance Group
8.4x24.2%UK£2.3b
BEZ Beazley
28.9x39.3%UK£4.3b
ADM Admiral Group
16.2x11.2%UK£6.3b
SBRE Sabre Insurance Group
15.4x36.2%UK£240.7m

Price-To-Earnings vs Peers: SBRE is good value based on its Price-To-Earnings Ratio (15.4x) compared to the peer average (24.1x).


Price to Earnings Ratio vs Industry

How does SBRE's PE Ratio compare vs other companies in the European Insurance Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a25.4%
n/an/an/a

Price-To-Earnings vs Industry: SBRE is expensive based on its Price-To-Earnings Ratio (15.4x) compared to the European Insurance industry average (12x)


Price to Earnings Ratio vs Fair Ratio

What is SBRE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SBRE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.4x
Fair PE Ratio22.8x

Price-To-Earnings vs Fair Ratio: SBRE is good value based on its Price-To-Earnings Ratio (15.4x) compared to the estimated Fair Price-To-Earnings Ratio (22.8x).


Share Price vs Fair Value

What is the Fair Price of SBRE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SBRE (£0.97) is trading below our estimate of fair value (£2.62)

Significantly Below Fair Value: SBRE is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SBRE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.97
UK£1.47
+51.8%
21.1%UK£2.10UK£1.12n/a8
Jan ’24UK£1.06
UK£1.48
+39.2%
19.8%UK£2.10UK£1.19n/a8
Dec ’23UK£1.03
UK£1.48
+43.8%
19.8%UK£2.10UK£1.19n/a8
Nov ’23UK£0.89
UK£1.43
+60.2%
21.5%UK£2.10UK£1.05n/a9
Oct ’23UK£0.97
UK£1.54
+59.1%
21.7%UK£2.10UK£1.20n/a8
Sep ’23UK£1.13
UK£1.53
+35.9%
21.0%UK£2.10UK£1.20n/a8
Aug ’23UK£1.11
UK£1.78
+60.9%
25.1%UK£2.36UK£1.20n/a8
Jul ’23UK£2.06
UK£2.51
+21.9%
8.5%UK£2.80UK£2.25n/a8
Jun ’23UK£2.10
UK£2.51
+19.8%
8.3%UK£2.80UK£2.25n/a8
May ’23UK£2.10
UK£2.54
+21.2%
7.3%UK£2.80UK£2.30n/a8
Apr ’23UK£2.39
UK£2.48
+4.0%
11.6%UK£2.80UK£2.00n/a8
Mar ’23UK£2.05
UK£2.49
+21.3%
12.7%UK£3.00UK£2.00n/a8
Feb ’23UK£2.29
UK£2.46
+7.4%
11.1%UK£2.75UK£2.00n/a8
Jan ’23UK£1.84
UK£2.36
+28.5%
12.8%UK£2.75UK£2.00UK£1.069
Dec ’22UK£1.85
UK£2.36
+27.8%
12.8%UK£2.75UK£2.00UK£1.039
Nov ’22UK£1.95
UK£2.29
+17.2%
12.6%UK£2.75UK£1.95UK£0.898
Oct ’22UK£2.18
UK£2.68
+23.0%
11.4%UK£3.10UK£2.24UK£0.978
Sep ’22UK£2.21
UK£2.69
+21.5%
11.3%UK£3.10UK£2.24UK£1.138
Aug ’22UK£2.33
UK£2.73
+17.2%
11.1%UK£3.10UK£2.24UK£1.117
Jul ’22UK£2.56
UK£2.80
+9.3%
9.5%UK£3.20UK£2.40UK£2.067
Jun ’22UK£2.66
UK£2.80
+5.2%
9.5%UK£3.20UK£2.40UK£2.107
May ’22UK£2.61
UK£2.80
+7.4%
9.4%UK£3.20UK£2.40UK£2.107
Apr ’22UK£2.53
UK£2.81
+11.2%
10.1%UK£3.20UK£2.40UK£2.396
Mar ’22UK£2.46
UK£2.85
+16.0%
11.3%UK£3.45UK£2.45UK£2.057
Feb ’22UK£2.54
UK£2.76
+8.5%
8.2%UK£3.10UK£2.45UK£2.296
Jan ’22UK£2.77
UK£2.74
-1.0%
7.5%UK£3.10UK£2.45UK£1.846

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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